It’s that time of year when January’s past, people are settled in and we can finally take a bit of a breather to take stock of what’s happened so far in 2018. A lot has happened. A lot is happening. A lot is going to happen. Anyone with a mortgage will know about November’s interest rate increase. Marginal, but nonetheless, it was a market shaker. It spurned tens of thousands of homeowners into action, to now have locked in some of the best deals there’s been for years. Remortgage … [Read more...]
Can You Release Equity Without Risking Your Home?
For those with equity in your home, you’ll have a few ways to raise finance, but not all are going to be worth pursuing. Some options just won’t be worth the level of risk. To lenders, the equity you have in your home is security, therefore, there’s next to no risk to them. If you have bad credit, it’ll influence the rate of interest you’re offered, despite your home being secured against the amount borrowed. It seems unfair, so the wise option for you to is to only secure finance … [Read more...]
Funding For Lending Scheme Mortgages
The government-led Funding for Lending Scheme has caused a home loan price war to develop, much to the delight of homebuyers and property owners. Experts predict that the best fixed-rate mortgage interest rates will eventually drop to as low as 1.5 percent. Last week, the Post Office and Coventry were offering 2.3 percent fixed-rate mortgages. Nationwide, the largest building society in the UK, dropped its two-year rates to two percent on January 17. Yorkshire Building Society bested it by … [Read more...]